bp

BP is apparently considering the $1 billion sale of some of its assets in the North Sea as it tries to cover cleanup costs from the Gulf of Mexico oil spill. The company's Macondo well in the Gulf of Mexico exploded in April, leading to the most massive oil spill in U.S. history.

Despite all the media fervor over WikiLeaks massive document dump of decades of U.S. diplomatic correspondence, the leaked material hasn't revealed anything new. But while it may not harm national security, the leak could deal a serious blow to mainstream efforts to increase government transparency.

BP (BP) commissioned a feature-length film about the Gulf of Mexico oil disaster. The movie, produced by World Television, will act as a historical "archive," BP spokesman Robert Wine told The New York Times. "They are making a film of the spill primarily for an internal audience as an archive of...

BP (BP) continues to sell assets in order to cover costs related to the Deepwater Horizon disaster. It is now selling its 60% stake in Pan American Energy in South America. This gives its joint venture partner Bridas Group control of the company. BP will collect $7.06 billion for the transaction....

Today is the deadline for individuals and businesses impacted by the Gulf Oil spill to apply for emergency claims from BP's (BP) $20 billion fund. Fund administrator Kenneth Feinberg, 65, has already paid out more than $1.9 billion in compensation. President Barack Obama appointed Feinberg, a...

BP (BP) may have ignored potential risks related to the Deepwater Horizon drilling rig and the company suffered from a "lack of operating discipline" according to an interim report. The report from the National Academy of Engineering and National Research Council questions the competency of key...

Former BP (BP) CEO Tony Hayward is considering several career options since losing his job in the wake of the Gulf oil disaster. Hayward is involved in the formation of a small company registered as 3E Capital, The Daily Telegraph reported. Hayward is listed as a director in the company, holding...

The U.S. Interior Department has accused the White House of misrepresenting scientists' views to imply they were in favor of an oil-drilling ban. In actuality, the scientists hadn't been asked for their opinions on whether the ban would do any good, according to a department report.

Tony Hayward, former CEO of BP (BP) said the company was unprepared for the Gulf oil spill and the media attention that went with it. In an interview with BBC News to be broadcast today, Hayward said BP's emergency planning was lacking, and the company was "making it up day to day". "What was...

The lead investigator for the presidential panel's investigation of April's Deepwater Horizon oil-spill disaster that killed 11 workers refuted previous reports that the rig's majority owner BP Plc and contractor Halliburton Co. compromised safety by cutting corners during the rig's construction, the New York Times reported.